Managing Risks in the European Periphery Debt Crisis

Managing Risks in the European Periphery Debt Crisis

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The European Periphery Debt Crisis (EPDC) has its roots primarily in the structural characteristics of the individual economies which are trading off with a number of European and international economic, regulatory, political, and financial market factors. The book is motivated by the prolonged crisis and the associated transmission of global shocks and spillover effects. The book offers a full diagnosis of the EPDC, its association with the national and international structural characteristics, and a full analysis from a risk management point of view of the available policy options, both retrospectively and prospectively. Its contributors are senior policymakers, regulators, active policy advisors, bankers, and decision makers in the markets, drawing experience from the peripheral European countries themselves, the European Union and other western economies. The book is a practical reference to all those involved in the decision-making process in banking, financial markets, investments, business, policy making, and regulation. It offers in-depth analysis and information to researchers in international organizations, think tanks and universities, as well as to postgraduate students in Economics and MBA courses.T-bills) amounted to a‚n268 bn (120% of GDP) at the end of March 2010; by the time the PSI was implemented, debt due ... that this reduction, even if acceptable to bondholders and the official sector, would have made Greecea#39;s debt sustainable. ... a statement that there would be no debt restructurings in the euro area until after the ESM had taken effect in mid-2013. ... market sentiment gradually improved after ECB President Draghi promised to do a€œwhatever it takes a€ to save the euro inanbsp;...

Title:Managing Risks in the European Periphery Debt Crisis
Author:George Christodoulakis
Publisher:Palgrave Macmillan - 2014-12-23


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